Updates and news pertaining to ABG Realty
By Hannah Green – Reporter, Boston Business Journal Boston Lab Market Sees Second Quarter Uptick Despite High Vacancies Boston’s life sciences real estate market showed signs of recovery in Q2 2025, with 19 lab leases signed, more than doubling the eight leases recorded in Q1, according to JLL. Notable deals included Mariana Oncology adding 30,000 square feet […]
By Lucia Maffei – Reporter, Boston Business Journal AI Insurtech Startup Quandri to Open Boston Office, Expanding U.S. Presence Quandri, a British Columbia-based insurtech company using AI to streamline insurance agency operations, plans to open a Boston office to expand its presence in North America. Founded in 2021 by brothers Jackson and Jamieson Fregeau, the company’s platform […]
By Isabel Hart – Reporter, Boston Business Journal Hannaford Supermarkets to Close Marlborough Store, 160 Employees Affected Hannaford Supermarkets will lay off 160 employees from its Marlborough store in mid-September, according to a filing with the state. The layoffs are set to take effect on September 13, and all employees at the store will be impacted. Workers […]
Ashley Capoot IBM on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are […]
By Grant Welker An overhaul of the CambridgeSide mall’s former food court into a new concept is slated to open this fall, and the future tenants are now being unveiled. What will soon be called CanalSide Food + Drink will include anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta to Go, the sandwiches and salads restaurant Fresh, […]
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
By Greg Ryan Brookline wants part of its stretch of Route 9 to be more like Newton’s, and a Boston-based real estate developer is poised to benefit. The town of Brookline is launching an effort to rezone its land on a half-mile of Route 9 from Hammond Pond Parkway to Dunster Road. Most of the property sits on […]
By Greg Ryan Massachusetts is building significantly less housing than it was in the mid-20th century. Not coincidentally, the median home sale price has nearly doubled in the past decade to $600,000, far outpacing income growth. More people are leaving Massachusetts for other states than are moving here. Those problems are what the MBTA Communities zoning […]
By Greg Ryan Procter & Gamble revealed Tuesday it would move Gillette’s century-old South Boston manufacturing operations to the company’s Andover property, opening up as many as 31 acres on Fort Point Channel to redevelopment. Cincinnati-based P&G (NYSE: PG) plans to maintain the headquarters for the Gillette business and roughly 750 corporate, research and engineering employees […]
By Meera Raman The CEO and president of Cambridge Savings Bank, which recently cracked the top ten list for largest banks in Massachusetts, told staff he plans to retire after over decade in the position. Wayne Patenaude recently announced his retirement internally to the company, the bank confirmed. “We are immensely grateful for Wayne’s exceptional leadership and […]
